Cullumber Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Cullumber's purchases and sales of the ultra-lightweight snowboard in October: Unit Purchase Price $304 Unit Sales Price Date Oct. 1 10 12 310 Transaction Beginning inventory Purchase Sale Purchase Sale Purchase Units 25 30 (42) 35 (45) 20 $465 316 13 25 27 475 322 Assume that all of Cullumber's sales are for cash and all of its purchases are on account. (a) Record the purchase on October 10 and sale on October 12 for Cullumber Company in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to three decimal places, eg. 5.275 and final answers to 2 decimal places, eg. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation Perpetual-FIFO Oct. Merchandise Inventory 10 Accounts Payable (To record purchase on account.) Oct. 12 (To record cash sales - (To record cash sales.) Oct. 12 (To record cost of goods sold.) Perpetual-Weighted Average Oct. 10 (To record purchase on account.) Oct. 12 (To record cash sales.) Oct Oct. 12 (To record cost of goods sold.)